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- Report
The House Budget Committee convened a hearing at which Deputy Director Mark Hadley testified about CBO’s baseline projections and cost estimates. This document provides CBO’s answers to questions submitted for the record by Chairman Womack.
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Federal receipts and expenditures in the national income and product accounts (NIPAs) differ in certain ways from revenues and outlays as shown in the federal budget. This report presents CBO’s baseline projections using the NIPA framework.
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In a letter to Congressman Mark Meadows, CBO explains its estimate for section 53116 of the Bipartisan Budget Act requiring brand-name prescription drug manufacturers to increase the discount offered to some Medicare Part D beneficiaries.
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CBO provides additional information to Congressman Mark Meadows about the budgetary treatment of the government’s payments to reimburse health care insurers for cost-sharing reductions they provide to eligible people.
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In this primer, CBO discusses the methodological differences between the FCRA and fair-value approaches and how those differences affect estimates of the cost of federal credit programs.
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The federal budget deficit was $607 billion for the first nine months of fiscal year 2018, CBO estimates, $84 billion more than the shortfall recorded during the same period last year.
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Letter to the Honorable Steve Womack
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CBO has updated its January 2018 report to the Congress on programs funded for fiscal year 2018 for which authorizations of appropriations have expired or will expire during the current fiscal year.
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Using FCRA procedures, CBO estimates that new loans and loan guarantees issued in 2019 would result in savings of $37.4 billion. But using fair-value procedures, CBO estimates that they would have a lifetime cost of $37.9 billion.
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CBO has developed “rules of thumb” that show how changes in four key economic variables might affect revenues, outlays, and deficits. An interactive workbook allows users to see the budgetary effects of their own alternative scenarios.